Redefining the Core: Downtown Sacramento

This article gives an overview of Downtown Sacramento projects in various stages of development including projects in the works, proposed, or completed in the central city. Turton Commercial Real Estate is involved with the following: Cypress at 1330 N St., 730 I Street, Lot X at 201 N St., and Envoy at 1010 11th St.

Source: Sacramento Business Journal

R Street Corridor Construction Projects

This article gives an overview of projects on the R Street Corridor in various stages of development. It’s part of the Redefining the Core coverage, which features projects in the works, proposed or completed in the central city. While proposed or in the works projects appear likely, it’s possible not every project will make it to the completion phase.

Examples that Turton Commercial Real Estate is involved include The Richmond, Ice Box, Maker and many more.

Source: Sacramento Business Journal

Major Construction Projects in Midtown Sacramento

This article gives an overview of projects in Midtown Sacramento in various stages of development. It’s part of the Redefining the Core coverage, which features projects in the works, proposed or completed in the central city. While proposed or in the works projects appear likely, it’s possible not every project will make it to the completion phase.

Examples that Turton Commercial Real Estate is involved in include Jefferson Block, Tribute Building, 21K, Old Tavern Building, and more!

Source: Sacramento Business Journal

Qisa Coffee filling space at The Amalia in Curtis Park

Qisa Coffee, which will specialize in Yemeni coffee mixed with Peshawari flavors, is planned for a 900 SF space in The Amalia, a newer mixed-use infill project in Curtis Park. Owner Abdul Aziz, said the shop will feature a menu of chai tea, Turkish coffee, espresso drinks, and small bites. Aziz is hopeful to have Qisa Coffee open by June 1st. Scott Kingston and Kimio Bazett with Turton CRE represented the tenant.

Source: Sacramento Business Journal

De Vere White brothers appear to be planning bar at The Richmond

The Richmond, a new mixed-use project being constructed in the R Street Corridor, is expected to be completed this year, and its first commercial tenant appears to be a well-known local food and beverage operator.

Broker Scott Kingston of Turton Commercial Real Estate, who handles leasing for the commercial spaces at The Richmond, said an approximately 2,500-square-foot space along 17th Street near Rice Alley has been claimed by a bar concept, but he declined to elaborate.

A recent filing with the California Department of Alcoholic Beverage Control indicates that bar concept is being spearheaded by Irish Hospitality Management Inc. and DVW Brothers LLC, both of which trace back to brothers Henry and Simon de Vere White, owners and operators of the Irish Hospitality Group. The filing stated the business, called Day Tripper, is in the process of having a liquor license transferred from former Downtown Sacramento bar Pre Flite Lounge.

Kingston said the remainder of the commercial space at The Richmond has not been claimed, though there has been interest shown from other food and beverage operators. He said the spaces are flexible and could range anywhere from 1,500 square feet to as much as 3,600 square feet.

Source: Sacramento Business Journal

Work underway on housing/retail project at Broadway and Land Park Drive

Construction started earlier this month at 1600 Broadway on what’s planned to be a five-story, 68-unit market-rate apartment project with retail space. According to revised plans approved by the city in 2022, 1600 Broadway will have apartments ranging from studios to two bedrooms, and from 466 to 853 square feet. Every apartment is planned to include a small outdoor patio or balcony as well. There will also be just under 8,000 square feet of retail space and 45 parking spaces. A previous proposal for the site had more retail space but fewer apartments and parking spots.

MarketOne Builders in Sacramento is the contractor for the project, which is on the southeast corner of Broadway and Land Park Drive. Turton Commercial Real Estate is handling leasing for the retail components.

Source: Sacramento Business Journal

Shingle Springs Band of Miwok Indians buys city block at 301 Capitol Mall in Downtown Sacramento

The Shingle Springs Band of Miwok Indians bought an entire city block on Sacramento’s Capitol Mall, the grassy avenue with landmarks the Tower Bridge and the state Capitol on either end. The tribe bought the land at 301 Capitol Mall for $17 million from the California Public Employees’ Retirement System, which has held the property since 2006.

While the tribe doesn’t have any immediate plans for the land, it is not closing the door on any ideas for the future, said Dustin Murray, vice chairman of the Shingle Springs Band of Miwok Indians Development Corp.

Turton Commercial Real Estate represented CalPERS in the sale of the property, specifically brokers Ken Turton, Scott Kingston and Matt Axford. “It might be the premier piece of land in Sacramento. It’s on Capitol Mall. It’s the first thing you see when you come off the Tower Bridge, and it’s near DoCo, the Golden 1 Center and Old Sacramento,” said Turton.

Source: Sacramento Business Journal

Second-generation restaurant space is in demand. Here’s a sampling of what’s available.

As the Sacramento region’s culinary scene continues to evolve, new eateries are looking to join established restaurant operators.

But they often face challenges in finding the right real estate, with the hottest commodity being second-generation restaurant space.

“Because of the heavy investment that restaurants require, second-generation spaces, which are those that were previously occupied by a restaurant and have seen investments and improvements made, are far more in demand than shell space,” said Scott Kingston, a broker with Turton Commercial Real Estate. “At that point, the criteria becomes location and size.”

Examples of 2nd generation restaurant spaces on the market are the former Club Pheasant, El Santo Restaurant & Ultralounge, P.F. Chang’s, Odd Cookie Bakery & Cafe, Biba Restaurant, and Good News Wine.

Downtown Sacramento office building, nearly fully leased, sold for first time

A Downtown Sacramento office building that is nearly fully leased has sold for the first time. Escrow closed March 1 for 901 H St., a six-story, 51,340-square-foot building built in 1964 that has been under the same ownership until now. “It’s not only a stable, cash-flowing asset, but there’s the possibility of conversion into office condos or a residential use,” said Jack Scurfield, a director with Turton Commercial Real Estate who helped broker the deal. “The buyer toured the building and quickly saw the vision.”

Scurfield said the building sold for $5.375 million, or about $1.35 a square foot for the portion of the building that can be leased. In addition to Scurfield, Ken Turton of Turton Commercial brokered on the sale.

Source: Sacramento Business Journal

Pizza restaurant Hot Italian returning to Sacramento with to-go format

Pizza eatery Hot Italian, which previously operated restaurants in Midtown Sacramento and Davis, is returning to the area with some changes to its format.

Co-founder, Cercatore recently stated on social media that Hot Italian would be returning to Sacramento, where it was planning to open a to-go location at 1829 22nd St. in the soon-to-open Midtown Kitchens, a ghost kitchen concept backed by Los Angeles-based Maker Kitchens that is filling an industrial building at the former Sacramento Bee plant. Ghost kitchens are commercial kitchens set up to prepare meals for delivery and takeout only, sometimes under multiple restaurant brands.

Scott Kingston and Kimio Bazett from Turton Commercial represented the owner in this deal.

Source: Sacramento Business Journal